19 Hurd Street Portland VIC 3305

Burgess Rawson are delighted to offer to the market, Dental Investment and residence at 19 Hurd Street, Portland VIC for sale via Expressions of Interest.

The property has the following key highlights:

+ High-yielding commercial and residential combined investment 10% net yield reserve.
+ Prime 911 sqm* landholding with 20m* frontage and General Residential Zone 1 (GRZ1).
+ Tenant on site since 2013 2 year lease recently ended, currently month-to-month.
+ Dental Clinic: Improvements include two operating rooms, reception area, laboratory sterilization room and patient toilet.
+ Residence: Improvements include a 3 bedroom, 2 bathrooms, reverse-cycle air-conditioning
+ On-site parking for six (6) cars.
+ Landlord favourable lease with tenant responsible for council rates and water rates.
+ Annual CPI rental reviews
+ In close proximity to key healthcare facilities including Seaport Medical Centre, Portland District Health and Henty Street Medical Clinic plus 350m* to Aldi and 440m* to Woolworths.
+ Only 300m* to Percy Street, Portland's prime CBD main street.
+ Portland Port: One of Australia busiest regional ports and the largest sustainable hardwood chip export in the world.
+ Portland: major commercial centre with multiple economic drivers including shipping, commercial fishing, agriculture and tourism.
+ Potential 50% stamp duty savings.
+ Net Income: $46,208 pa* + GST

To be sold via Expressions of Interest
Closing Wednesday 3 July 2024
3PM AEST unless sold prior

To receive a copy of the information memorandum and discuss the property further, please reach out to the agent below:

DAVID NAPOLEONE
0417 308 067

*Approx